To The Moon

KOSPI to hit 9,300 by EOY. That could rebound $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$  back near ATH near $64. A September 8 broadcast on Chosun Ilbo Money, the Chosun Ilbo Economic Department's YouTube channel, featured Moon Nam-jung, a researcher at Daishin Securities, analyzing the direction of the domestic stock market in the second half of the year and strategies for key leading stocks. Despite market anxiety from the Bank of Korea's consecutive base rate hikes and a sharp rise in U.S. Treasury yields, Moon said the KOSPI index could reach the 9,300 level in the fourth quarter, and that semiconductor investments in the leading sector remain valid. $Micron Technology(MU)$ 

$iShares Expanded Tech-Software Sector ETF(IGV)$ At some point I'd like to see software and chips move together, but lately they've been trading inversely. The market seems to be treating it like there's only enough money for one side at a time. AI suppliers, including chips and memory, are rallying, so software is seeing some pullback. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$  $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 

$Intel(INTC)$ Less than a buck away from $100. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $iShares Semiconductor ETF(SOXX)$  $VanEck Semiconductor ETF(SMH)$  $GraniteShares 2X Long INTC Daily ETF(INTW)$ 

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  A 3x leveraged volatile ETF is flatter than my government bond holdings on the monthly. That's hard to believe.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  Anyone else notice what that drop did for AVGO? It landed right on a trend line it has a history of bouncing off hard. Right now it's also showing what looks like a small intraday cup and handle. Just putting it out there for anyone who's watching.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ And we're green. Powered through a rough start.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ This one has been really tough to get moving. $Broadcom(AVGO)$  is probably giving it a bit of a push now.

$SPDR S&P 500 ETF Trust(SPY)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $Broadcom(AVGO)$ Posting the screenshots here. The original print was 13B, which was a big miss. It sold off hard after that, and then came the correction. But some still seem to think it sold off hard on a beat. From where I stand, people might be owed some money here. This looks like market manipulation, plain and simple.

$SPDR S&P 500 ETF Trust(SPY)$ Wild situation here. Fake numbers got posted for Broadcom and that triggered a big sell off. The data has since been corrected, but the stock is still in the red. I don't think people fully realize what's actually happening. $Broadcom(AVGO)$  $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $Invesco QQQ(QQQ)$ 

Bad job numbers on Friday could actually give the market more room to run. The weaker-than-expected ADP number cut the September rate hike probability from 68% to 62%, which took some pressure off the dollar and the 10Y yield, allowing the market to bounce. Falling oil prices from their overnight highs also helped. ADP matters, but it doesn't carry as much weight as the Friday Non-Farm Payroll numbers. So I went through some historical data to see how often ADP acts as a reliable leading indicator for NFP. Over the past 40 months, ADP and NFP both missed or both exceeded forecasts about 40% of the time. In the other 60%, they diverged, with one missing and one exceeding. $SPDR S&P 500 ETF Trust(SPY)$